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"The commitment to the fight against climate change is one of the most relevant issues in our strategy and that is why we promote electrification along with the development of more renewable capacity, helping to decarbonize the country, creating value for our customers, who are the central focus of the Company's strategy."

 

Giuseppe Turchiarelli CEO

According to our investment plan, we will allocate $2.3 billion for the period 2024-2026. Continuing with our strategy started a few years ago, this investment will focus mainly on the generation business through renewable development, to add 1.3 GW of capacity by the end of 2026, strengthening the profitability of our commercial strategy. Most projects will be delivered through a partnership to continue driving decarbonization while maintaining a comfortable and healthy financial position.

We will allocate more than $300 million to continue improving our networks, their quality of service and resilience, and our wide range of products and services, increasingly in line with the evolution of our customers' needs.

The Enel Chile Group develops energy and climate scenarios and macroeconomic and financial conditions in the short, medium and long term to support its strategic and industrial planning and the evaluation of extraordinary investments and corporate operations. Its integration into corporate processes takes into account the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD) and allows the assessment of risks and opportunities related to climate change.

The process of defining Enel Chile' strategies as part of the Enel Group is accompanied by a precise analysis of the risks and opportunities associated with these strategies, including aspects related to climate change.

To identify, in a structured manner and in line with TCFD recommendations, the main risks and opportunities and their impact on the business, we have adopted a framework that explicitly describes the main relationships between types of risks and opportunities, and the variability of scenarios, highlighting strategic and operational measures, including mitigation and adaptation.

There are two macro categories of risks/opportunities:

  • those derived from the evolution of transition scenarios; and
  • those derived from the evolution of physical variables.
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